Growing income inequality is associated with reduced social mobility (Option A), meaning that individuals from lower-income backgrounds face greater challenges in moving up the economic ladder. This happens because:
Lower-income families often have limited access to quality education, healthcare, and job opportunities, making it harder for individuals to improve their economic status.
Wealth concentration among the elite leads to a decline in broad-based economic opportunity.
More educational opportunities (Option B) is incorrect because education tends to become more expensive and less accessible as income inequality increases.
Higher purchasing power among the middle class (Option C) is incorrect because growing inequality usually means that the middle class shrinks, and wealth is concentrated among the wealthy, reducing overall purchasing power.
[References:, OECD Report: “Inequality and Social Mobility” (2022), World Economic Forum (WEF) – Global Social Mobility Index, UN Sustainable Development Goal (SDG) 10: Reduced Inequality, , , , , ]
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